BlackBerry Partners Fund Announces Jump Start Program

Posted by Rob Lewis

The BlackBerry Partners Fund LP announced today that it has launched a Jump Start Financing Initiative. The Jump Start initiative provides entrepreneurs with capital infusions of up to $250,000. The funding initiative is designed to bring new and innovative ideas into the development process faster allowing entrepreneurs to focus on building great smartphone applications instead of raising seed capital.

Rick Segal of the BlackBerry Partners Fund is jacked about the simplicity of the new Jump Start program:

We believe there are tons of great ideas which, if given some small amounts of capital, might evolve into a killer business. We want to be that source of capital. We, being the BlackBerry Partners Fund. You can read about the program here but generally it is a convertible debenture which bears interest for 18 months. We convert at a discount to the next round of financing or, if there is no funding, we convert into the existing shares of the company. We take a board seat and roll up our sleeves to help get the idea/prototype to the next stage.

We've tried to make this program easy. Simple terms, simple paperwork, etc.

Entrepreneurs interested in the Jump Start Funding Initiative should can find out more here.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more

Company:
Relay Ventures
Website:
http://www.relayventures.com
Location:
Toronto, Ontario, Canada

Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in Menlo Park and Toronto,... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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